Company Profile

In a push towards eco-friendly coal transportation, Coal India (CIL) has planned a capital investment of around Rs 24,750 crore in the next few years on 61 First Mile Connectivity (FMC) projects. To come up in three phases, these projects combined will have a capacity of 763.5 million tonnes per annum (MTPA) when completed. 

FMC projects involve transportation of coal in mechanized piped conveyors from production point to coal handling plants/silos with rapid loading system where coal is loaded directly into rail wagons. 35 FMC projects under the first phase having 414.5 MTPA capacity account for Rs. 10,750 Crores. 8 projects of 112 MTPA capacity are already operational. CIL is gearing up to commission 17 more projects of 178 MTPA by FY 2024 end. The rest 10 comprising 124.5 MTPA capacity are expected to be operative by FY 2025.

Coal India (CIL) is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Coal India’s coal production has increased by 13.2% to 52.3 million tonnes (MT) in August 2023 as against 46.2 MT in August 2022. The company’s production in the April- August 2023 period increased 11.1 per cent to 281.5 MT, compared with 253.3 MT in the year-ago period. 

The company's offtake increased by 15.3% to 59.0 MT in August, 2023, over 51.2 MT in the corresponding month of the previous financial year.  Its offtake in the April- August 2023 period increased by 7.9% to 305.5 MT over 283.1 MT in the year-ago period.      

Coal India (CIL) is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Coal India has informed that the 49th Annual General meeting of the company held on Wednesday, the 23rd August 2023 at 11.00 am through VC. The company has enclosed the results of (remote e-voting and electronic voting at the AGM venue) on each of the 8 Agenda of AGM in terms of Regulations 44(3) of SEBI (LODR) Regulations 2015 alongwith Scrutinizer’s Report. As per Scrutinizer’s Report, all the 8 Resolutions were approved by the shareholders with requisite majority. The Shareholders of the Company have approved final dividend @ Rs 4.00 per share (40%) on equity shares for the financial year 2022-23. The payment will be made within 30 days from the date of approval to the members or their mandates whose names appear in the Company's Register of Members on 18th August 2023. The result is also uploaded on the following websites: Company’s website: www.coalindia.in, RTA’s website: www.alankit.com and NSDL’s website: www.evoting.nsdl.com.

Coal India's capital expenditure rose 8.5 per cent during April-July this fiscal to Rs 4,700 crore as it continued to invest heavily in evacuation infrastructure, land, and mining machinery. Typically, the capex starts slow in the first quarter with the company laying out the expenditure plans at the beginning of the fiscal and gradually builds up in the subsequent quarters.

The capex spend during the first four months of the current fiscal year that started in April, was almost 100 per cent of the target of Rs 4,754 crore and 28.3 per cent of the annual target of Rs 16,600 crore (for 2023-24 fiscal).

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.